The optical locations currently are inside the retail stores, which Shopko will close by the end of June.

Monarch plans to move the optical stores to new locations by year’s end but said the optical stores will stay open where they are until then.

Founded in 2002, Monarch is headquartered in New York. The firm manages $5 billion in assets and “focuses primarily on opportunistic investing across distressed debt, special situations equity and real estate,” according to a news release.

Wisconsin-based Shopko announced earlier this year that it would close its retail stores after the company filed for bankruptcy in January and couldn’t find a buyer.

The closings will impact 33 employees in Jacksonville and a total of 174 employees across Illinois; 120 stores in 26 states will be shuttered. The Jacksonville store will close June 23.